JL Mag Rare-Earth Co., Ltd. Class A
1.57
EUR
-0.09
(-5.59%)
JL Mag Rare-Earth Co., Ltd. Class A
GETTEX:3KLA
(Gettex)
Recent
price
1.57
P/E
ratio
31.06
div
yld
3.57%
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- JL Mag Rare-Earth Co., Ltd. is a China-based company specializing in the research, development, production, and sale of high-performance neodymium-iron-boron (NdFeB) permanent magnetic materials and magnetic components. The company's product portfolio includes NdFeB magnet blanks and finished permanent magnet products used in new energy vehicles and auto parts; energy-saving variable-frequency air-conditioners; wind power generation; consumer electronics (3C); robotics and industrial servo motors; energy-saving elevators; rail transit; humanoid robot motor rotors; and low-altitude aircraft components. JL Mag maintains a vertically integrated supply chain supported by long-term agreements with major rare earth suppliers such as China Northern Rare Earth Group and China Rare Earth Group, ensuring stable access to both light and heavy rare earth raw materials. The company operates manufacturing and R&D facilities in Ganzhou, Jiangxi Province, and Baotou, Inner Mongolia, including one of the world's first environmentally friendly smart factories for rare earth permanent magnets. Founded in 2008 and headquartered in Ganzhou, JL Mag has expanded its annual production capacity significantly, aiming to reach 60,000 tons of high-performance rare earth magnets by 2027. Recent major developments include the receipt of streamlined export licenses from the Chinese government, enabling JL Mag to accelerate rare earth magnet exports globally, particularly to key international clients. This follows China's easing of export controls on rare earth elements. In 2025, JL Mag projects a substantial net profit increase of 157-179%, driven by strong demand expansion in electric vehicles, wind turbines, and energy storage sectors. The company continues to invest in capacity expansion and new product innovation, including pilot production scaling for humanoid robot magnet components and low-altitude aircraft parts. In 2024, JL Mag raised approximately HKD 210 million through a new H-share issuance to support its growth initiatives and completed equity buybacks to consolidate shareholder value. The company also sustained a strong recycling program for rare earth materials to mitigate raw material price volatility. Its strategic focus remains on maintaining leadership in the global rare earth permanent magnet market through technological innovation, capacity scale, and supply chain integration. JL Mag Rare-Earth operates principally within the rare earth magnet industry segment, targeting original equipment manufacturers (OEMs) in new energy vehicles, renewable energy, consumer electronics, robotics, and transportation both domestically in China and internationally. The company's production and sales network supports global markets through its listings on the Shenzhen Stock Exchange (ticker: 300748.SZ) and the Hong Kong Stock Exchange (HK:6680). This positioning establishes JL Mag as a key player in the global supply chain for permanent magnets critical to the transition toward green technologies and advanced manufacturing. Thus, JL Mag Rare-Earth Co., Ltd. is a leading provider of NdFeB magnetic products, with a comprehensive product range covering raw magnet blanks to specialized finished magnetic components, supported by recent export license advantages, significant profitability growth, capacity expansions, and ongoing strategic innovation to serve electric vehicle, renewable energy, and high-tech industrial markets from its bases in China.